ABN AMRO Bank N.V. Has $13.69 Million Stock Holdings in AT&T Inc. $T

ABN AMRO Bank N.V. increased its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 10.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 659,678 shares of the technology company's stock after buying an additional 61,892 shares during the period. ABN AMRO Bank N.V.'s holdings in AT&T were worth $13,686,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Summit Asset Management LLC boosted its position in shares of AT&T by 1.4% in the 2nd quarter. Summit Asset Management LLC now owns 43,377 shares of the technology company's stock worth $898,000 after purchasing an additional 596 shares during the last quarter. Kelleher Financial Advisors grew its position in shares of AT&T by 82.6% during the 2nd quarter. Kelleher Financial Advisors now owns 48,803 shares of the technology company's stock worth $1,010,000 after buying an additional 22,081 shares during the period. GSA Capital Partners LLP acquired a new position in shares of AT&T during the 2nd quarter worth about $313,000. Stoneridge Investment Partners LLC increased its stake in shares of AT&T by 50.7% in the 2nd quarter. Stoneridge Investment Partners LLC now owns 23,542 shares of the technology company's stock valued at $487,000 after acquiring an additional 7,917 shares during the last quarter. Finally, Pacific Sage Partners LLC increased its stake in shares of AT&T by 15.1% in the 2nd quarter. Pacific Sage Partners LLC now owns 21,821 shares of the technology company's stock valued at $452,000 after acquiring an additional 2,858 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T opened at $25.33 on Friday. The company's 50-day moving average is $22.83 and its 200-day moving average is $25.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market capitalization of $173.57 billion, a PE ratio of 8.39, a PEG ratio of 1.02 and a beta of 0.23. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts forecast that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T's payout ratio is 36.75%.

Wall Street Analyst Weigh In

T has been the topic of several recent analyst reports. TD Cowen lifted their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research note on Thursday, July 23rd. Scotiabank cut their target price on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating on the stock in a report on Wednesday, July 15th. Sanford C. Bernstein reissued an "outperform" rating and set a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. Morgan Stanley boosted their price target on shares of AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Barclays lowered their price objective on shares of AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T News Roundup

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T’s post-earnings momentum remains constructive: the company reported quarterly EPS of $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year. Analysts are watching whether earnings estimates and the stock’s advance can continue. AT&T Up 9.5% Since Last Earnings Report
• Positive Sentiment: AT&T’s Advanced Connectivity business is gaining traction through fiber expansion, customer convergence and rising demand for AI-related network capacity. This supports the company’s longer-term growth outlook and helps offset slower legacy operations. AT&T Rides on Strength in Advanced Connectivity
• Positive Sentiment: A partnership with Hark gives AT&T exposure to emerging AI-native consumer devices. AT&T will invest in Hark and provide connectivity, certification and infrastructure support, potentially creating incremental traffic and device-related revenue opportunities. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: AT&T reportedly reduced the cost of coding and other AI tasks by as much as 56% by using model-routing tools and open-source systems, with only a modest decline in output quality. Lower internal AI costs could support productivity and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Neutral Sentiment: Analysts continue to highlight AT&T as a highly ranked value and income stock, with a roughly 4.5% dividend yield and a low earnings multiple. However, the company’s growth is expected to remain moderate, making customer revenue increases important. AT&T Is a Top-Ranked Value Stock
• Negative Sentiment: Bernstein cautions that SpaceX’s potential telecom ambitions could intensify competition for AT&T, Verizon and T-Mobile. Meanwhile, heavy capital spending, elevated interest rates and industry balance-sheet pressures remain risks. Bernstein Remains Bullish on SpaceX

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T's product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source